Bloomberg: Party City Reaches Out to Creditors for More Liquidity
Retail TouchPoints
DECEMBER 5, 2022
Party City is reportedly renewing talks with creditors to acquire liquidity with help from existing advisers, people familiar with the situation told Bloomberg. The retailer had about $121.5 million of liquidity available at the end of Q3 2022, including about $92 million of availability under asset-based credit lines, against nearly $1.8 billion in debt.
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